U.S.

February 15, 2013

Realistic financial goals set path for success

Tags:
Airman 1st Class GRACE LEE
56th Fighter Wing Public Affairs

Finance-Picture
Whether it’s money needed for a college fund, car, future home or credit card debt, it is essential to plan ahead and create financial goals.

“Financial goals enable us to properly plan where our money should be saved and spent,” said Cory Carmichael, 56th Force Support Squadron Airman and Family Readiness Center community readiness specialist. “For most working adults and military members the concern is not the lack of money, but rather the lack of planning and goals.”

To start, it is important to set practical goals and keep oneself accountable.

“Ensure the goals are realistic and attainable,” said Victoria Muniz, 56th FSS community readiness specialist. “Don’t set yourself up for failure with unrealistic and unspecified goals. It is so easy to become confused and discouraged. Take a step back, and tackle it again in a day or two.”

An easy way to create an achievable goal is by using the SMARTER method.

“SMARTER stands for specific, measurable, action orientated, result focused, time limited, excitable and reward,” Muniz said. “Using the SMARTER method is not only great for making financial goals but practically anything goal orientated.”

For Carmichael, the best place to start if unsure about goal planning is with debt.

“In addition to paying all bills on time, one should pay off any accounts with high interest finance charges,” he said. “I also advise having an emergency fund just in case something occurs.”

Muniz recommends sharing goals with family or close friends in order to help remain accountable as well as scheduling a time to speak with a financial counselor.

“Sit down with a financial counselor and discuss your goals and plans for today and the future,” she said. “The Airman and Family Readiness Center has financial counselors available to help with financial needs.”

While creating a goal may be the easy part, staying on track isn’t always as easy. For this, Carmichael suggests spending less than what is earned, paying all bills on time, every time and starting small while thinking big for saving money.

“The A&FRC, in addition to having trained financial counselors, has publications, guides, classes and other free resources to answer all your financial questions,” Carmichael said. “The A&FRC also provides one-on-one appointments to review and discuss budgets and spending plans. Take steps now to improve your financial fitness.”

For more information on financial counselors or creating financial goals, call the A&FRC at (623) 856-6550.




All of this week's top headlines to your email every Friday.


 
 

 
Lightening-within-five

Lightning over Luke …

The F-35 Lightning II isn’t the only lightning striking over Luke Air Force Base. This strike, about five miles west of the Luke flightline, was captured on camera at 1:12 a.m. Aug. 12 at the jet engine test cell.
 
 

Program smooths change from military to civilian life

It can be difficult to find work in today’s economy, even more so for families that are moving to a new area or families that are transitioning from military to civilian life. One program available to veterans is the Workforce Investment Act, which can help veterans have a smooth transition to civilian work. The 56th...
 
 

New form second chance to do EPRs right

Without fail, every time I am around a group of young NCOs, there is one subject guaranteed to come up — the enduring question of “How can I write a stronger EPR for my Airman?” My answer to this question is fairly standard and is one that a chief shared with me many years ago....
 

 

Plan for final out

How many of you are prepared for life outside of the military? Seriously, if you were told tomorrow was your final out, what would you do? We are currently in an environment where Defense Department rollbacks are a serious issue we must all contemplate. Fewer officers are being commissioned. Last year there was only one...
 
 

News Briefs August 22, 2014

Commander’s call Brig. Gen. Scott Pleus, 56th Fighter Wing commander, will hold a commander’s call Monday in the Luke Air Force Base theater at 7 a.m. for Airmen, 9 a.m. for NCOs, 11 a.m. for senior NCOs, 1 p.m. for civilians, 3 p.m. for officers and 5 p.m. for those not able to make another...
 
 
Airman 1st Class 
JAMES HENSLEY

Commandant challenges students to be best

Airman 1st ClassJAMES HENSLEY Master Sgt. Sheris Poisson, 56th Force Support Squadron Airman Leadership School commandant, briefs students Aug. 12 about the active-shooter exercise Aug. 15 at Luke Air Force Base. Poisson asked ...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


Directory powered by Business Directory Plugin